Belize | Economic substance reminder
Following our previous communication related to Economic Substance in Belize, we remind you that all IBCs must report their status in this regime on an annual basis through their Registered Agent to the Competent Authority, the Belize International Financial Services Commission (IFSC).
5 Best practices to safeguard your legacy
Economic legacy | There are 5 best practices to safeguard your economic legacy that has proven to be highly effective for decades.
Belize Economic substance
The economic substance Act, 2019 (ES Act) in Belize was enacted on October 12, 2019, and came into force on January 1, 2019.
Barbados Economic substance requirements
Barbados enacted the Companies (Economic Substance) Act, 2019-43 (CES Act) on November 27, 2019.
Bahamas | Economic substance report filing extension
The Bahamas Ministry of Finance has granted an extension on the deadline to file the 2019 economic substance report (from December 31st, 2020) to January 31st, 2021 for entities incorporated prior to January 1st, 2020, and with fiscal year-end December 31st, 2019.
BVI | Economic substance frequent questions (FAQ)
Is the company subject to any banking regulations or supervision anywhere?
If “Yes”, your BVI company is conducting banking business.
BVI | Economic substance overview
In 2016, the EU adopted criteria covering fiscal transparency, fair taxes, erosion of the tax base, and transfer of benefits (BEPS), and evaluated countries during a process carried out in 2017.
